At CCM, our mission statement is: “To be a trusted partner that allows our clients to feel secure in the knowledge that their investment, estate, tax, retirement, risk management and philanthropic plans are complete, optimized and integrated, in order that they may understand and use their wealth as a tool to accomplish what is important to them.” Today’s recommended reading, "The Mental Mistakes We Make With Retirement Spending," connects directly with that final piece..."in order that they ... [Continue Reading]
Articles and resources related to Financial Planning.
Conventional wisdom tells us that as we age, our investment portfolio should become more conservative. Once we reach retirement we want to start reducing the volatility in our portfolio, so we add more stable bonds into the portfolio and we start to remove a portion of stocks. As we age further, we may want an even more stable portfolio of investments, so we add even more bonds into the mix. However, 'conventional wisdom' doesn’t apply to every situation and every family. When we meet with ... [Continue Reading]
At varying ages and stages in life, people experience the impact of inflation at different rates. These varying rates of inflation and their subsequent expenses have a direct impact on the income needed from an investment portfolio. They must be accounted for within a holistic wealth management plan to ensure a successful outcome. The phenomena of experiencing the impact of inflation rates at varying stages of life is primarily observed through lifestyle expenses. For example, the inflation ... [Continue Reading]
On the journey to a successful retirement we know that small habits can add up over time. Every dollar saved and invested has a chance to grow, and the earlier we save the more growth potential that dollar has. Since we know this is true, savvy savers look for ways to invest a few more dollars and get that process started sooner, rather than later. This can lead to activities such as clipping coupons, keeping the thermostat set to a more reasonable temperature, or bringing a sack lunch to work ... [Continue Reading]
Many of you have been hearing or reading in the news the discussion on what is referred to as the “Fiduciary Rule.” A version of the Fiduciary Rule was originally proposed in 2010 by the Department of Labor (DOL), then quickly withdrawn amid great protest in the financial industry. Essentially, the concept is and was to overhaul ERISA (Employee Retirement Income Security Act)—originally enacted in 1974 to regulate the quality of financial advice surrounding retirement. In 2015, President Obama ... [Continue Reading]